RCS to Investors: Trust Us; Business Is Better

RCS Capital really wants the industry to know that things are back on track after a recent accounting scandal. It just doesn't want to provide any details.

The Nicholas Schorsch-run company, which includes his independent broker-dealer operation, issued a press release Monday asserting that "certain broker-dealers" have resumed sales of products distributed by Realty Capital Securities, the company's wholesale distribution business -- but it declined to name any of the broker-dealers.